This Is Why OnlyFans Started Banning Explicit Sexual Content, Jakarta – OnlyFans founder and CEO, Tim Stokely, speaks out about banning sexually explicit content on platform the video and photo service provider.

The statement was conveyed to Financial Times, a week after the report Bloomberg which states, “provider partners and payment providers” urge OnlyFans to ban sexually explicit content.

“A change in policy, we have no choice. The short answer is banks,” Stokely said, citing The Verge, Wednesday (25/8/2021).

Stokely revealed, there are already three bank large number of people who refused their services because of the “reputation risk” associated with the British company’s material.

The three are Bank of New York (BNY) Mellon, Metro Bank, and JPMorgan Chase.

Stokely said NBY Mellon had specifically “marked and rejected” any network transactions involving OnlyFans, putting them at risk of not being able to pay their creators.

Stokely continued, JPMorgan Chase was also “very aggressive in closing the accounts of sex workers” or any business that supports them.

In addition, Metro Bank has also closed the OnlyFans account in a short time in 2019. However, Stokely did not reveal who the banking partners of the company are now.

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